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The Latest Breaking News from Nippon Steel

Biden to decide Nippon-U.S. Steel deal

Biden has opposed the takeover and believes U.S. Steel should be domestically owned and operated

Salon · Dec 24, 2024

US-Japan steel deal goes to Biden for final decision after panel deadlocks

Committee on Foreign Investment in the US fails to agree on national security risks of proposed takeover of US Steel.

Al Jazeera · Dec 24, 2024

Biden will decide on US Steel acquisition after influential panel fails to reach consensus

A powerful government panel has failed to reach consensus on the possible national security risks of a nearly $15 billion proposed deal for Nippon Steel of Japan to purchase U.S. Steel

The Independent UK · Dec 24, 2024

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US Panel Could Not Reach Consensus On US-Japan Steel Deal: Nippon

A US government panel failed to reach a consensus on whether US Steel's acquisition by Nippon Steel threatens Washington's national security, shifting the decision to the White House, the Japanese company said late Monday.

International Business Times · Dec 24, 2024

Nippon Steel Slams 'Inappropriate' Politics In US Deal

Nippon Steel on Wednesday slammed the "inappropriate" role of politics after Bloomberg News reported that President Joe Biden would block its planned takeover of US Steel.

International Business Times · Dec 11, 2024

Japan's Nippon Steel sets sights on a growing overseas market in its bid to acquire US Steel

The signs at Nippon Steel read: “The world through steel,” underlining why Japan’s top steelmaker is pursuing its $15 billion bid to acquire U.S. Steel

The Independent UK · Dec 6, 2024

Trump Vows To Block Nippon Steel's U.S. Steel Purchase

Debate over Nippon Steel's acquisition of U.S. Steel intensifies, raising concerns about national security and economic impact.

US Steel Stock Plunges After Trump Vows To Block Nippon Steel Takeover

The president-elect claims he will help the company 'strong and great again.'

International Business Times · Dec 3, 2024

Trump Says Will 'Block' Nippon Steel From Taking Over US Steel

US President-elect Donald Trump on Monday said he would "block" a planned takeover of US Steel by Japanese company Nippon Steel, a deal worth $14.9 billion including debts.

International Business Times · Dec 3, 2024

Trump Vows To Block US Steel Acquisition By Nippon Steel

President-elect Trump opposes Nippon Steel's acquisition of US Steel, emphasizing protection of American interests and industry.

Nippon Steel Makes Anti-Import Vow To Save US Steel Deal Amid New Tariffs

The Japanese steelmaker aims to complete the takeover of United States Steel Corp before President-elect Donald Trump, who had vowed to block the acquisition during his campaign, assumes office in January.

International Business Times · Nov 19, 2024

Here’s why the United Steelworkers oppose Nippon’s takeover of U.S. Steel

'When U.S. Steel CEO David Burritt declares how good the Nippon deal will be for workers, I’m not going to take him at his word,' writes USW's David McCall.

Fortune · Oct 4, 2024

US Steel CEO Says Sale To Nippon Must Happen For Company To Succeed, Save Jobs

Dismissing national security concerns, David Burritt said once the deal is finalized, the Japanese company will have to abide by U.S. trade laws. He added that the board will predominantly consist of U.S. citizens overseeing operations.

International Business Times · Sep 25, 2024

How U.S. Steel's long, painful decline turned into a political lightning rod

Unions, Japanese takeovers, and Pennsylvania have all conspired to make the proposed deal for U.S. Steel a hot election year issue.

Fortune · Sep 21, 2024

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International Business Times · Sep 18, 2024

Decision on US Steel takeover by Nippon delayed until after election

The Biden administration granted the request of Nippon Steel for an extended review on the planned takeover of U.S. Steel.

International Business Times · Sep 12, 2024

Businesses Warn Yellen On 'Political Pressure' Over US Steel Sale

Major Japanese and American business groups have urged US Treasury Secretary Janet Yellen not to succumb to political pressure when reviewing Nippon Steel's proposed acquisition of United States Steel.

U.S. Steel National Security Concerns Spark Political Debate

Debate over the potential takeover of a U.S. steel company by Nippon Steel raises concerns about national security and economic impact.

White House Signals Openness To Blocking U.S. Steel Acquisition

The White House considers blocking Nippon Steel's acquisition of U.S. Steel amid national security concerns and opposition from key figures.

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Fortune · Sep 5, 2024

Washington attacks on Nippon’s bid for U.S. Steel puts ally Japan’s spot in ‘friends and family list’ into doubt

“If the U.S. draws up a friends and family list and Japan is not on that list, then I’d question [what country] would make that list.”

International Business Times · Sep 5, 2024

Biden Expected To Block Nippon Steel Deal; US Steel Shares Plunge

Amid the ongoing issue, U.S. Steel CEO David Burritt warned that if the acquisition isn't pushed through, thousands of U.S. union jobs could be at risk.

Reason · Sep 4, 2024

Leave U.S. Steel Alone

Joe Biden, Donald Trump, Kamala Harris, and J.D. Vance agree that U.S. Steel needs to be controlled from Washington. They are all wrong.

International Business Times · Sep 4, 2024

US Steel Warns Plants Could Close Without Nippon Sale

United States Steel warned Wednesday it could shut its headquarters and factories in Pennsylvania, a key swing state in the upcoming election, if a takeover by Japan's Nippon Steel is blocked.

International Business Times · Sep 4, 2024

Nippon Steel Ensures U.S. Leadership In Proposed U.S. Steel Takeover

Nippon Steel revealed that majority of the board of directors of U.S. Steel will be Americans in case the deal pushes through.

The Guardian - US · Sep 3, 2024

Harris campaign to transfer $25m to down-ballot Democrats – live

Kamala Harris ‘believes that this race is about mobilizing the entire country’, the campaign said in a statement about the fund transfer

International Business Times · Sep 3, 2024

Harris Opposes Sale Of US Steel To Japan's Nippon, Says Firm Should Stay 'American-Owned'

Vice President Kamala Harris expressed her opposition on the planned sale of U.S. Steel to Nippon Steel.

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